295 Lake Street, Nashua, NH, 03060 | $1,000,000

For 38+ years, Bud's Restaurant has been a popular dining destination in Nashua for Breakfast and Lunch (Open 6-2). Now, with the owners ready to retire, this renowned establishment is on the market, offering an exceptional opportunity for investors, 2 options: Option 1 - Purchase both the building ($700K) and the thriving business ($300K) for a total of $1 million or Option 2 - Purchase the business for $300K and rent the building for $3K a month. Newly renovated includes dining area, kitchen area, appliances, lighting, flooring fresh paint, new bathrooms, new windows, seating for 90 patrons, spacious and accommodating, perfect for hosting large gatherings. Ample parking and newly resurfaced parking lot provides convenience for patrons. Versatile additional space in the back of the restaurant offers potential for leasing, an office, or a function room. Financials available on request to review. This is your chance to step into a lucrative, established business and continue its legacy. Schedule your showing today!

Features

  • Property Type: Business,Other
  • Construction: Wood Frame
  • Heating: Forced Air,Natural Gas
  • Cooling: Central AC
  • Units: 2
  • Zoning: RA
  • Frontage: 55
  • Year Built: 1945
  • Acreage: 0.18
  • Est. Taxes: $5,713
  • MLS#: 5010798
  • Website: https://www.raveis.com
    /prop/5010798/295lakestreet_nashua_nh?source=qrflyer
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Listing courtesy of BHHS Verani Nashua   Phone: 603-888-4600
Listing Agent: Charlotte Marrocco-Mohler

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295 Lake Street, Nashua, NH, 03060

$1,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $800,000 $800,000 $800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.769% 6.270% 5.864%
Monthly Tax Payment $476 $476 $476
H/O Insurance Payment TBD TBD TBD
Initial Principal & Interest Pmt $4,480 $4,861 $6,590
Total Monthly Payment $5,048 $5,337 $7,066

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.